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Bond A has 20 years to maturity, a 8% annual coupon and a $1000 par value. Your required return on Bond A is 10%. You

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Bond A has 20 years to maturity, a 8% annual coupon and a $1000 par value. Your required return on Bond A is 10%. You plan to buy the bond today and hold it for 9 years. You (and the market) have expectations that in 9 years, the YTM on a 11-yr, 8%-coupon bond with similar risk will be 9%. How much should you be willing to pay for Bond A today

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